Union Minister Faggan Singh Kulaste said the government is working towards PLI scheme 2.0 and securing raw material supply for the steel sector in 2024. Despite a resilient steel industry recovery, concerns linger over escalating imports and raw material costs amid global uncertainties.
India Business News: The government is working on the PLI scheme 2.0 and ensuring raw material supply for the steel sector in 2024. Industry players are concerned about ri
The global steel production in November was at 145.5 MT, 3.3 per cent up over same month in 2022. The world output rose marginally by 0.5 per cent to 1,715.1 MT in January-November 2023, worldsteel said.